Alliance FX Capital Ltd has been flagged by ASIC (Australia) for "Unlicensed (Legacy)". Phones: (+65) 6631 9760
Addresses: 1 Scotts Road #24-10 Shaw Centre Singapore 228208 This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: www.alliancefx.capital.
Alliance FX Capital Ltd seems more interested in acquiring new customers than taking care of existing ones. The marketing is aggressive but the product is mediocre. Once you are past the honeymoon period, the cracks in their service become very apparent.
Pros: Regular platform improvements|Automated trading options
Cons: Desktop app not available on Linux|Cannot customize dashboard fully
I wanted to transfer my portfolio from another broker to Alliance FX Capital Ltd. They said they do not accept in-kind transfers for my asset type. I had to sell, withdraw, deposit, and rebuy - incurring taxes and spread costs. They did not tell me this before I signed up.
Pros: Competitive fees|Market news feed|Responsive team|Copy trading available
Cons: Research section could be deeper|Limited demo account features
The reporting at Alliance FX Capital Ltd is laughably bad. Tax documents are inaccurate, transaction histories have gaps, and trying to export data for your accountant is a nightmare. For a financial platform, getting the numbers right should be the bare minimum.
Pros: Wide product range|Segregated accounts
Cons: Limited demo account features
KYC with Alliance FX Capital Ltd is a nightmare. I submitted my ID and proof of address. They rejected it and asked for a utility bill. I sent it. They asked for a bank statement. Then they asked for a selfie with the ID. Then they said the selfie did not match. I gave up.
Pros: Quick verification|Educational resources|Portfolio tracking tools|Detailed reporting
Cons: Wait times can be long during peak hours|Limited social trading features
After spending for just over a year trying to make Alliance FX Capital Ltd work for me, I have given up. The platform has too many limitations, the fees are not competitive, and the quality of their market data is questionable. There are much better options available.
Pros: Helpful community forum|Wide product range|Clean UI
Cons: No dark mode on mobile|Limited cryptocurrency options
My card was charged twice by Alliance FX Capital Ltd on the same day. I had to dispute it with my bank. Alliance FX Capital Ltd then froze my account and said I had a negative balance because of the chargeback. They created the problem and then punished me for it.
Pros: Easy to use platform|Great customer service|Regular updates
Cons: Wait times can be long during peak hours
I closed a profitable position at Alliance FX Capital Ltd and the profit was not credited for 5 days. Support said it was a settlement delay. When it finally arrived it was less than the amount shown on the platform. They could not explain the difference. I have moved my account.
Pros: Multi-device support|Portfolio tracking tools
Cons: Live chat only during business hours|No fractional shares
I joined Alliance FX Capital Ltd through a financial advisor and from the start, things felt off. The signup process collected far more personal information than necessary, the verification took unreasonably long, and when I finally got access, the platform was nothing like what was advertised.
Pros: Reliable uptime|Two-factor authentication
Cons: Limited cryptocurrency options|Alert system is basic
Where do I even begin with Alliance FX Capital Ltd? for about five months of broken promises, unanswered tickets, and a platform that feels like it was built in 2010. They spend more on marketing than on actually improving their service. Stay away from this company.
Pros: Demo account available|Customizable dashboard
Cons: None so far|No dark mode on mobile
The hidden fees at Alliance FX Capital Ltd are the real scandal here. What they advertise and what they actually charge are two different things. By the time I realized how much I was paying in various fees and spreads, I had already lost a meaningful amount.
Pros: Comprehensive tools|Low minimum deposit
Cons: Minor UI glitches occasionally|Slow to add new assets